Couchbase, Inc. (NASDAQ:BASE) Director Sells $16,092.00 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) Director Carol W. Carpenter sold 900 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $17.88, for a total value of $16,092.00. Following the transaction, the director now directly owns 26,938 shares of the company's stock, valued at approximately $481,651.44. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Couchbase Price Performance

Couchbase stock traded down $0.24 during trading hours on Friday, hitting $19.22. The company had a trading volume of 678,306 shares, compared to its average volume of 589,252. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $21.54. The firm has a market capitalization of $1.04 billion, a P/E ratio of -12.01 and a beta of 0.82. The firm's fifty day moving average is $16.95 and its 200-day moving average is $16.81.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Couchbase's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) earnings per share. Analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Woodline Partners LP lifted its holdings in shares of Couchbase by 60.7% during the 1st quarter. Woodline Partners LP now owns 17,069 shares of the company's stock valued at $269,000 after buying an additional 6,446 shares during the last quarter. Caxton Associates LLP acquired a new stake in Couchbase in the first quarter valued at approximately $271,000. Goldman Sachs Group Inc. lifted its stake in Couchbase by 42.0% in the first quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company's stock valued at $3,551,000 after acquiring an additional 66,719 shares during the last quarter. Petrus Trust Company LTA grew its position in Couchbase by 36.6% in the first quarter. Petrus Trust Company LTA now owns 17,971 shares of the company's stock worth $283,000 after acquiring an additional 4,814 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Couchbase by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,848 shares of the company's stock worth $376,000 after purchasing an additional 1,487 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BASE has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday. Guggenheim cut their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley increased their price objective on Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of Couchbase in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Couchbase has an average rating of "Moderate Buy" and an average target price of $21.65.

Couchbase Company Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.